Tesco has remained tight-lipped on rumours that it is in talks with several Indian partners with a view to entering the market.
“We have previously said we are interested in the Indian market,” a Tesco spokesperson told just-food. “We have nothing to add to this.”
Nevertheless, reports out of India have suggested the UK retailer is in talks with a number of potential partners to formalise its highly anticipated entry onto the Indian retail scene.
The international retailer is believed to be in talks with the Wadias, Parsvnath Developers and Kalpataru Properties.
Industry sources claim Tesco is in talks with prospective Indian partners for a joint venture to roll out its cash-and-carry outlets and also enter into a franchise arrangement for front-end retail.
